Tashkent, Uzbekistan (UzDaily.com) — On 6 July 2017, a ceremony of laying capsule in foundation of new production complex of Uzbekistan Peugeot Citroen Automotive was held in the free economic zone “Jizzakh”.
Within the project, it is planned to construct the plant on production of light commercial vehicles with the capacity of 16,000 units a year. About 45 hectares of land will be allocated to construction of the plant in the territory of the FEZ Jizzakh.
According to the press-service of Uzavtosanoat, engineers of Peugeot Citroen are designing the plant in line with standards and requirements of the French company. Construction of the plant will be conducted by local general contractors under supervision of the French partners.
The plant will be equipped with modern automated technological lines. The French side will provide new technologies, modern production processes and staff training.
On 16 May 2017, Uzavtosanoat and Peugeot Citroen Automobiles S.A. (France) signed an agreement on establishment of a joint venture in the form of a limited liability company Uzbekistan Peugeot Citroen Automotive (UzPCA).
According to the presidential resolution, the authorized capital of the joint venture is 29.3 million euros. The parties also determined the conditions for implementation of the investment project “Organization of production of light commercial vehicles in Uzbekistan” with a total cost of 133.3 million euros.
The plant will operate in accordance with the Group modern systems in production, quality, purchasing, supply and sales. Furthermore, the joint venture considers at least 50% of parts localization in the first year of production, by attracting domestic component parts manufacturers – 30 large factories owned by SC Uzavtosanoat and more than 160 small and medium enterprises.
Source : UzDaily